1245 Fleming Avenue, San Jose, California 95127, San Jose, - bed, bath
ACTIVE$1,359,000
1245 Fleming Avenue, San Jose, California 95127
2Beds
2Baths
1,601Sqft
19,895Lot
Year Built
1952
Close
-
List price
$1.36M
Original List price
$1.66M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41112043
Home ConditionTear down
Features
View-
About this home
Fixer Handyman Special. Current home is 1601 sq ft plus full basement. Remodel or Build your dream home, family retreat, or develop the parcel with multiple homes. Flat land near San Jose's East Foothills, Alum Rock. Developer's Dream. Large 19,895 sq ft lot, .46 Acre. Potential to subdivide, build multiple homes. Value is in the land. Bring your toolbelt and contractor.
Price History
Date
Event
Price
10/22/25
Price Change
$1,359,000-18.1%
09/18/25
Listing
$1,659,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (64 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 14% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,601 | 1,456 | 58% |
| Lot Size | 19,895 | 6,500 | 92% |
| Price | $1.36M | $1.09M | 74% |
| Price per square foot | $849 | $776 | 62% |
| Built year | 1952 | 1956 | 45% |
| HOA | |||
| Days on market | 49 | 143 | 5% |
Condition Rating
Tear down
The property was built in 1952 (72 years ago) and is explicitly marketed as a 'Fixer Handyman Special' with the description stating 'Value is in the land' and encouraging buyers to 'Remodel or Build your dream home.' This strongly indicates the existing structure is considered beyond economical repair or renovation, aligning with the criteria for a tear-down where the land is the primary asset. The provided images are AI renderings of potential new homes and do not depict the current condition of the 1952-built property.
Pros & Cons
Pros
Exceptional Development Potential: The property boasts a large 19,895 sq ft (.46 acre) flat lot with explicit potential for subdivision and building multiple homes, making it highly attractive to developers.
Prime San Jose Location: Located in San Jose's East Foothills near Alum Rock, offering a desirable address in a high-demand market with strong appreciation potential.
Significant Land Value: The listing clearly states 'Value is in the land,' indicating that the underlying asset holds substantial worth independent of the existing structure.
Versatile Investment Opportunity: Offers flexibility for buyers to either undertake a major remodel, construct a custom dream home, or pursue a multi-unit development project.
Recent Price Adjustment: A substantial price reduction from $1.659M to $1.359M makes the property more competitive and potentially undervalued for its development upside.
Cons
Extensive Renovation Required: Marketed as a 'Fixer Handyman Special,' the 1952-built home requires significant renovation, modernization, or complete demolition, implying substantial effort and cost.
High Upfront Investment Beyond Purchase: Buyers must be prepared for considerable additional capital outlay for construction, renovation, or development, as the property is not move-in ready.
Limited Immediate Livability: The existing 2-bed, 2-bath, 1601 sq ft structure is likely outdated and may not be suitable for immediate occupancy without extensive work, posing a challenge for owner-occupants.